Firm Introduction:
Founded in 2021, Galley Investment Group (“Galley”) is a privately held firm focused on investing in high quality oil & gas assets across the United States. The firm is led and supported by a team of seasoned professionals with extensive careers at leading operating companies and financial institutions, enabling Galley to effectively navigate the intricate landscape of oil and gas investments.
Galley is currently marketing a $150 million mineral and royalty fund (Galley Mineral and Royalty Fund LP), which deploys capital into mineral and royalty assets across the lower 48, with a particular emphasis on the Permian Basin. Galley’s inaugural transaction in December 2021 was the acquisition of ~3,500 net royalty acres in Lea and Eddy Counties, New Mexico. In April 2023, Galley divested two-thirds of those assets, delivering attractive investment returns to its stakeholders.
Position Overview:
Galley is seeking a [Director/Vice President of Acquisitions] to spearhead the company’s oil and gas mineral and royalty acquisition program, which is currently focused on the Permian Basin. Galley leverages internal basin-wide underwriting and other data to determine areas of interest, and then Galley employs an aggressive, outbound buying strategy to source off-market opportunities. The successful candidate will demonstrate extensive experience acquiring “off-market” minerals and royalties in both Texas and New Mexico.
Responsibilities:
• Lead Galley’s acquisition team through daily focus on deal sourcing and negotiating transactions
• Interact daily with Galley’s technical team and other senior team members to drive productivity
• Work with team members to improve existing tools/systems/workflows, and advise the company on implementation of new tools/software, etc. that will enhance Galley’s capabilities
• Work with team members to further build out Galley’s acquisition team through additional hires
Qualifications:
• Must be actively buying in the Permian Basin with at least 1 year of acquisition experience in New Mexico and 3+ years of overall Permian Basin acquisition experience
• Superior sales / negotiation skills
• Ability to coach, mentor, and train other acquisition team members
• Proficient title knowledge
• Advanced ability to “prospect” for acquisition opportunities within “buy areas” with sound judgement for when outside land / title support is necessary and/or warranted
• Advanced knowledge of the dynamics in New Mexico between state, federal, and fee mineral / royalty ownership
• Advanced knowledge of the data and resources available in New Mexico and Texas
• CPL strongly preferred
• Bachelor’s degree in petroleum land management preferred
Compensation:
• Competitive salary commensurate with experience level
• Performance-based cash bonuses
• Sharing in the fund’s carried interest
• Healthcare
• 401k
